Chris Burch is a well-known American entrepreneur. He has helped developed various retail brands. Chris has decided to invest in the hospitality industry, which is a new industry for him. In 2012, he bought a beach hostel built on an Indonesian island called Sumba.
Together with his hotelier partner, James McBride, Mr. Burch spent $30 million renovating the hostel. He then launched it as a 5-star resort called Nihiwatu. In 2016, a year after the hotel was launched, Nihiwatu was voted by Travel + Leisure as the best hotel in the world.
Burch had an interview with Business Jet Travel in 2015 and revealed that he bought the hostel for his children. He hopes that the hotel will give back to the society. Chris Burch added that living in a beautiful place allows people to do things they can’t do in other places. For instance, you can have a butler in every room and build a spa under a waterfall. According to Burch, Nihiwatu was a great success because it turned into more than he expected.
Chris Burch spends his time in Nihiwatu, the Hamptons, and Miami. Nihiwatu has Mr. Burch’s private home and 27 private villas which include Raja Mendaka. The section with the private home has four extra villas and main house.
Chris Burch is the chief executive officer and founder of Burch Creative Capital. Like most billionaires, his entrepreneurship story is unique and classic. He was brought up in Pennsylvania. His father was a successful distributor of mining supplies. His father employed him during his early teenage years. This helped him understand commerce. When he reached high school, he decided to venture into business. Mr. Burch started by selling hotdogs and later sold sweatshirts to his friends. This helped him develop a sweatshirt brand known as Eagle’s Eye. His brand grew to a valuation mark of over $100 million. To check this, have a peek at bloomberg.com.
Burch hasn’t lost his great business skills. In fact, he has gained more knowledge and experience that has enabled him to develop successful brands. He spends some of his time meeting promising entrepreneurs who need capital. Chris Burch is always ready to invest in businesses that excite him. For updates on Burch recent timeline activities, hit on crunchbase.com.
Some of Chris Burch’s successful investments include Voss, BaubleBar and online retailer Poppin. Mr. Burch has partnered with Ellen DeGeneres to launch E.D, which is a lifestyle collection.
Chris Burch says that Nihiwatu is his favorite investment. He spends a total of 8 weeks every year at the eco-luxury resort.
For an additional reading, hit on https://www.wsj.com/articles/tory-burch-co-founder-buys-miami-beach-tear-down-1489588776